Northmarq secures $2.75 million refinance of 5.75-acre land
CHARLOTTE (Aug. 20, 2024) Mark Ebersold of Northmarq’s Charlotte Debt & Equity team secured a $2.75 million loan for the refinance of a 5.75-acre land assemblage owned by the Flywheel Group in the NoDa area of Charlotte, North Carolina. The loan was arranged through Northmarq’s relationship with a regional bank. The floating rate loan was structured with a 5-year term that allowed for flexible prepayment for future development opportunities.
“The lender provided a quick response and flexible terms to accommodate the needs of the client,” said Ebersold. “Thanks to all for allowing Northmarq to be part of your transaction.”
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.
